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Pentagon Slices F-35 Buy To Pay For Overruns

The Pentagon is reducing the next buy of Lockheed Martin F-35s to 30 from 35 aircraft in order cover cost overruns incurred in earlier production lots, according to the Joint Program Office (JPO).
The Navy and Air Force have agreed to reduce their quantities in low-rate initial production (LRIP) Lot 5 to “pay for the bills,” says Joe Dellavedova, JPO spokesman. “Controlling costs is an absolute must.”
The government is responsible for paying $771 million in overruns for the 28 ...

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